Westar Energy (NYSE:WR) released its quarterly earnings data on Tuesday. The utilities provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.16), Bloomberg Earnings reports. The company had revenue of $595.00 million during the quarter, compared to analysts’ expectations of $642.02 million. Westar Energy had a return on equity of 8.94% and a net margin of 13.32%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS.
Westar Energy (NYSE:WR) traded down $0.72 during midday trading on Wednesday, hitting $48.93. The company had a trading volume of 422,908 shares, compared to its average volume of 654,635. The company has a quick ratio of 0.65, a current ratio of 1.07 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $7,205.60, a PE ratio of 21.04, a PEG ratio of 5.94 and a beta of 0.35. Westar Energy has a 12 month low of $47.06 and a 12 month high of $57.32.
WR has been the topic of several recent analyst reports. Zacks Investment Research raised Westar Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. JPMorgan Chase & Co. cut their target price on Westar Energy from $62.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Bank of America initiated coverage on Westar Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $57.00 target price on the stock. Finally, UBS Group initiated coverage on Westar Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $55.50.
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About Westar Energy
Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.
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